The NAHB's Paul Emrath offers up the latest reading from the organization's 55+ Housing Market Index (55+ HMI), which showed builder confidence remaining strong in the active-adult market in the third quarter.

The 55+ HMI for single-family housing jumped to 60, up from 57 in the second quarter and the sixth consecutive quarter the index has been above 50, the break-even point between optimism and pessimism.

Like its single-family counterpart, the condo 55+ HMI is based on questions that ask builders if current sales, prospective buyer traffic and anticipated six-month sales are good, fair or poor (high, average or low for traffic).  In the third quarter, the 55+ HMI for condos rose seven points and finally reached the key break-even point of 50—which is the highest it’s been since NAHB began conducting the survey in 2008.

Read more >